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People & Business :: M&A
FMC closes hydrogen peroxide unit sale
10:26 AM MST | March 3, 2014 | Vincent Valk
FMC announced today that it has closed the $200-million sale of its hydrogen peroxide business to private equity firm One Equity Partners (New York), the private equity arm of investment bank J.P. Morgan. The deal was announced in December. The hydrogen peroxide business generated $302.7 million in revenues in 2012, and was formerly a part of FMC’s industrial chemicals segment."This transaction allows FMC to direct its resources to core businesses and its portfolio of advanced technologies,” says FMC chairman and CEO Pierre Brondeau. Citi acted...
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